1. Important information and who we are

MARLO TECHNOLOGIES LIMITED respects your privacy and is committed to protecting your personal data. This cookie and privacy policy will inform you as to how we look after your personal data when you visit our website (regardless of where you visit it from) and tell you about your privacy rights and how the law protects you.

Please also use the Glossary to understand the meaning of some of the terms used in this cookie and privacy policy.

2. Purpose of this cookie and privacy policy

This cookie and privacy policy aims to give you information on how we collect and process your personal data through your use of this website, including any data you may provide through this website when you access our site, create a user account or purchase a service.

It is important that you read this cookie and privacy policy together with any other privacy policy or fair processing policy we may provide on specific occasions when we are collecting or processing personal data about you so that you are fully aware of how and why we are using your data. This cookie and privacy policy supplements other notices and privacy policies and is not intended to override them.

3. Controller

MARLO TECHNOLOGIES LIMITEDa company incorporated in England and Wales with company number 11450311, having its registered office at 1 Bell Street, 2nd Floor, London, England, NW1 5BY is the controller and responsible for your personal data (the "Company", "we", "us" or "our" in this cookie and privacy policy).

If you have any questions about this cookie and privacy policy, including any requests to exercise your legal rights, please contact us using the details set out below.

Contact details

If you have any questions about this cookie and privacy policy or our privacy practices, please contact us:

You have the right to make a complaint at any time to the Information Commissioner's Office (ICO), the UK supervisory authority for data protection issues (www.ico.org.uk). We would, however, appreciate the chance to deal with your concerns before you approach the ICO so please contact us in the first instance.

4. Changes to the privacy policy and your duty to inform us of changes

We keep our privacy policy under regular review.

This version of the cookie and privacy policy was last updated on 31 August 2018.

It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us.

5. Third-party links

The website may include links to the websites belonging to third parties, such as, but not limited to lenders, credit rating agencies and advertisers. We are not responsible for any content published by any such third parties, nor we are responsible for any malware contained on any such websites. Before filling in your personal details please ensure that you are doing so on our website to avoid unauthorised use of your personal data by any third party.

This website may include links to third-party websites, plug-ins and applications. Clicking on those links or enabling those connections may allow third parties to collect or share data about you. We do not control these third-party websites and are not responsible for their privacy statements. When you leave our site, we encourage you to read the privacy policy of every website you visit.

6. The data we may collect about you

Personal data, or personal information

a. Includes any information about an individual from which that person can be identified; and

b. Does not include data where the identity has been removed (anonymous data).

We may collect, use, store and transfer different kinds of personal data about you which we have grouped together including as follows:

a. "Identity Data" may include first name, maiden name, last name, username or similar identifier, marital status, title, date of birth and gender.

b. "Contact Data" may include past and present billing addresses (if you are a borrower), delivery address, email address, telephone numbers, company details, contact details of any representatives.

c. "Financial Data" may include bank account, building society or any other payment account, your credit history, credit score and credit rating.

If you are a borrower or a director, partner, member, shareholder, beneficial owner or guarantor of a borrower, we may collect information (which may include non-personal information) including such as:

a. information about your business or company including personal credit information;

b. credit reference checks (see section 6 below for more detail);

c. electoral register information;

d. fraud prevention information; and

e. passwords and answers to security questions.

Additionally, we may collect the personal information which you provide as part of registration and application processes (including, if you are a borrower, agent or relevant lender, certain personal data, identity verification, contact details and financial information about directors, partners, members).

Further data categories (non-exhaustive list):

a. "Transaction Data" may include details about payments by you for the services provided by us;

b. "Technical Data" may include internet protocol (IP) address, your login data, browser type and version, time zone setting and location, browser plug-in types and versions, operating system and platform, and other technology on the devices you use to access this website.

c. "Profile Data" may include your username and password, your interests and preferences.

d. "Usage Data" may include information about how you use our website and services.

e. "Marketing and Communications Data" may include your preferences in receiving marketing from us and our third parties and your communication preferences

We also collect, use and share "Aggregated Data" such as statistical or demographic data for any purpose. Aggregated Data could be derived from your personal data but is not considered personal data in law as this data will not directly or indirectly reveal your identity. For example, we may aggregate your Usage Data to calculate the percentage of users accessing a specific website feature. However, if we combine or connect Aggregated Data with your personal data so that it can directly or indirectly identify you, we treat the combined data as personal data which will be used in accordance with this cookie and privacy policy.

We do not collect any "Special Categories of Personal Data" about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health, and genetic and biometric data). Nor do we collect any information about criminal convictions and offences.

If you provide to us personal information belonging to someone else

If you provide personal information about other people (for example, if you represent a borrower and you provide information about directors, partners, members, shareholders or beneficial owners other than yourself) then you must:

a. seek their prior consent; and/or

b. provide a copy of this cookie and privacy policy to those persons and ensure that they are aware of and understand its contents.

when providing information about other people, ensure that you have all relevant permissions and authority: (i) to make all necessary disclosures; (ii) to act on their behalf; and (iii) in relation to partners, members, shareholders or beneficial owners of borrowers, to allow us to make credit checks at credit reference agencies and otherwise for verification, in respect of those persons.

7. If you fail to provide personal data

Where we need to collect personal data by law, or under the terms of a contract we have with you, and you fail to provide that data when requested, we may not be able to perform the contract we have or are trying to enter into with you (for example, to provide you with goods or services). In this case, we may have to cancel a product or service you have with us but we will notify you if this is the case at the time.

8. How is your personal data collected?

We use different methods to collect data from and about you including through:

a. Direct interactions. You may give us your Identity, Contact and Financial Data by filling in forms or by corresponding with us by post, phone, email or otherwise. This includes personal data you provide when you:

1. apply for our services;

2. create an account on our site;

3. subscribe to our service or publications;

4. request marketing to be sent to you; or

5. give us feedback or contact us

b. Automated technologies or interactions. As you interact with our site, we will automatically collect Technical Data about your equipment, browsing actions and patterns. We collect this personal data by using cookies, server logs and other similar technologies. We may also receive Technical Data about you if you visit other websites employing our cookies.

c. Third parties or publicly available sources. We will receive personal data about you from various third parties and public sources as set out below:

1. Technical Data from the following parties:

i). analytics providers such as Google based in/outside the EU;

ii). advertising networks such as [name] based in/outside the EU; and

iii). search information providers such as [name] based in/outside the EU.

d. Contact, Financial and Transaction Data from providers of technical, payment and delivery services such as [name] based in/outside the EU.

e. Identity and Contact Data from data brokers or aggregators such as [name] based in/outside the EU.

f. Identity and Contact Data from publicly available sources such as Companies House based in/outside the EU.

9. How we use your personal data

We will only use your personal data when the law allows us to. Most commonly, we will use your personal data in the following circumstances:

a. Where it is necessary for our legitimate interests (or those of a third party) and your interests and fundamental rights do not override those interests.

b. Where we need to comply with a legal obligation.

Generally, we do not rely on consent as a legal basis for processing your personal data although we will get your consent before sending third party direct marketing communications to you via email or text message. You have the right to withdraw consent to marketing at any time by contacting us.

Purposes for which we will use your personal data

We have set out below, in a table format, a description of all the ways we plan to use your personal data, and which of the legal bases we rely on to do so. We have also identified what our legitimate interests are where appropriate.

Note that we may process your personal data for more than one lawful ground depending on the specific purpose for which we are using your data. Please contact us if you need details about the specific legal ground we are relying on to process your personal data where more than one ground has been set out in the table below.

Purpose/Activity

Type of data

Lawful basis for processing including basis of legitimate interest

to register you as a new website user; and

to inform you of marketplace developments and activity and of changes
to our products and services

a. Identity

b. Contact

a. Performance of a contract with you

b. Necessary for our legitimate interests

to process and deliver our services;

if you are a borrower (or a director, partner, member, shareholder,
beneficial owner or guarantor of a borrower):

a. to ascertain your borrowing needs;

b. to assess your creditworthiness and to make credit-related decisions; and

c. if you miss any repayment of your loan, to trace your whereabouts and recover
debts or enforce a loan contract or guarantee and to verify any payment plan you
have proposed or income and expenditure form you have submitted;

to carry out mandatory or other regulatory checks;

to open online platform accounts with us and to manage and maintain those accounts [Avery Law LLP Note: please describe the nature of such MARLO accounts]

to verify your identity and the other information you have provided to us, including (if applicable) your bank account information and (if relevant) the identity of your business associates;

for the prevention and detection of fraud or other illegal or criminal activity.

To administer and protect our business and this website (including troubleshooting,
data analysis, testing, system maintenance, support, reporting and hosting of data);

to update the records we hold about you from time to time;

a. Identity

b. Contact

c. Technical

a. Necessary for our legitimate interests (for running our business, provision of administration and IT services, network security, to prevent fraud and in the context of a business reorganisation or group restructuring exercise)

b. Necessary to comply with a legal obligation.

to deliver relevant website content and advertisements to you and measure or
understand the effectiveness of the advertising we serve to you

We may disclose your personal information to other registered members of our marketplace, for the following purposes:

a. to operate our marketplace and seek to match lenders and borrowers;

b. in the loan agreements and any ancillary documents, when lenders and borrowers are matched;

c. to provide transactional and performance information;

d. to provide updates (including if and when there are late repayments or if and when a risk-banding has been downgraded); and

e. if required to enforce (or make preparations to enforce) any loan contract or guarantee.

We may disclose your personal data:

a. to companies in our group and our affiliates;

b. to our suppliers, sub-contractors and third-party data processors (including payment processors, marketing and data analytics service providers, collection agents, tracing agents, insolvency practitioners, professional advisers and persons who provide us with the following services from time to time: identification and fraud check; marketing; technology; marketplace support; and back-up and business continuity);

c. with any third party you have asked us to share your personal data with, including social media sites if you have asked us to connect with your social media account;

d. to credit reference and fraud prevention agencies (see sections 7 and 8 below for more information on this);

e. if we are unable to provide you with credit and if you consent, to third parties who may be in a position to arrange credit for you;

f. to a third party if it acquires all or part of our business or assets in connection with the acquisition, or to a successor in interest in the unlikely event of our insolvency, winding up or liquidation;

g. if we are required to do so by applicable law and regulation or by any governmental, tax, regulatory body or law enforcement agency;

h. if you are represented by an agent, to your agent; and

i. to any other person with your prior consent to do so.

Any such third parties who process your personal data on our behalf are only permitted to process your personal data in accordance with our instructions and we take steps to ensure that the transfer and any on-going processing by those third parties is carried out securely and in accordance with applicable data protection laws.

Marketing

We may use your Identity, Contact, Technical, Usage and Profile Data to form a view on what we think you may want or need, or what may be of interest to you. This is how we decide which services and offers may be relevant for you.

You will receive marketing communications from us if you have requested information from us or purchased services from us and, in each case, you have not opted-out of receiving marketing communication.

Promotional offers from us

We may use your Identity, Contact, Technical, Usage and Profile Data to form a view on what we think you may want or need, or what may be of interest to you. This is how we decide which services and offers may be relevant for you (we call this marketing).

You will receive marketing communications from us if you have requested information from us or purchased services from us and you have not opted out of receiving that marketing.

Third-party marketing

We will get your express opt-in consent before we share your personal data with any third party for marketing purposes.

Opting out

You can ask us or third parties to stop sending you marketing messages at any time by logging into the website and checking or unchecking relevant boxes to adjust your marketing preferences.

Where you opt out of receiving these marketing messages, this will not apply to personal data provided to us as a result of a service purchase, warranty registration, product/service experience or other transactions.

Change of purpose

We will only use your personal data for the purposes for which we collected it, unless we reasonably consider that we need to use it for another reason and that reason is compatible with the original purpose. If you wish to get an explanation as to how the processing for the new purpose is compatible with the original purpose, please contact us at contact@marlo.online

If we need to use your personal data for an unrelated purpose, we will notify you and we will explain the legal basis which allows us to do so.

Please note that we may process your personal data without your knowledge or consent, in compliance with the above rules, where this is required or permitted by law.

10. Disclosures of your personal data

We may share your personal information with any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.

We may share your information with selected third parties including:

a. business partners, suppliers and sub-contractors for the performance of any contract we enter into with you;

b. advertisers and advertising networks that require the data to select and serve relevant adverts to you and others; or

c. analytics and search engine providers that assist us in the improvement and optimisation of our site.

We may disclose your personal information to third parties:

a. in the event that we sell or buy any business or assets, in which case we may disclose your personal information to the prospective seller or buyer of such business or assets.

b. if all or substantially all of our assets are acquired by a third party, in which case personal information held by it about its customers will be one of the transferred assets.

c. if we are under a duty to disclose or share your personal information in order to comply with any legal obligation, or in order to enforce or apply our terms set out herein

11. False information and Fraud Prevention Agencies (“FPAs”)

If you give us false or inaccurate information or if we suspect or identify fraud we may record this and may also pass this information to FPAs (such as CIFAS) and other organisations involved in crime and fraud prevention including law enforcement agencies.

We and other organisations may access and use this information in order to prevent fraud, money laundering or other criminal activity (for example, by checking details on credit applications, for managing credit and recovering debt).

Please contact us contact@marlo.online if you want to receive details of the relevant fraud prevention agencies.

12. Data security

We have put in place appropriate security measures to prevent your personal data from being accidentally lost, used or accessed in an unauthorised way, altered or disclosed. In addition, we limit access to your personal data to those employees, agents, contractors and other third parties who have a business need to know. They will only process your personal data on our instructions and they are subject to a duty of confidentiality.

We have put in place procedures to deal with any suspected personal data breach and will notify you and any applicable regulator of a breach where we are legally required to do so.

13. Data retention

How long will you use my personal data for?

We will not keep your personal information for longer than is necessary, for the purposes for which it was collected and is processed and for the purposes of satisfying our legal, accounting or regulatory reporting requirements. These requirements generally permit us to retain our borrower and lender files for a period of six years after the end of the borrowing/investing relationship (i.e. the date on which we no longer provide services to you as a borrower or lender). We may retain personal information for longer than this in certain circumstances, for example in the event of an ongoing dispute. We may retain your personal information for a longer period in the event of a complaint or if we reasonably believe there is a prospect of litigation in respect to our relationship with you.

To determine the appropriate retention period for personal information, we consider the amount, nature and sensitivity of the personal information, the potential risk of harm from unauthorised use or disclosure of your personal information, the purposes for which we process your personal information and whether we can achieve those purposes through other means, and the applicable legal, regulatory, tax, accounting or other requirements.

In some circumstances we will anonymise your personal information (so that it can no longer be associated with you) for research or statistical purposes, in which case we may use this information indefinitely without further notice to you.

14. Credit Reference agencies (“CRAs”)

We could undertake credit reference checks or verification checks in respect of borrowers and lenders (and against directors, partners, members, shareholders and beneficial owners of borrowers and lenders), guarantors and agents:

a. as part of the application process;

b. for general credit management and know-your-customer (KYC) checks during the term of a loan; and

c. if there are late repayments or default.

When CRAs receive a search request from us they will:

a. place a credit search “footprint” on your business credit file following each credit application, whether or not your application proceeds. If the search was for a credit application the record of that search may be seen by other organisations when your business applies for credit in the future;

b. place an enquiry or organisational search on the personal credit files of directors, partners, members, beneficial owners and shareholders that have been searched, as well as an associate enquiry search on your personal financial partner’s credit file, if they are a director;

c. link together the previous and subsequent names advised by you of anyone that is a party to the account;

d. place an enquiry or identification search on the record of any shareholder or beneficial owner and who we have checked; and

e. create a record of the name and address of your business and its proprietors (if there is not one already).

We will always take steps to verify information you have provided us in our marketplace. If you borrow and do not repay in full and on time, the CRAs will record the outstanding debt and, in some cases, the length of time that the debt remains outstanding; other organisations may see these updates, and this affect your ability to obtain credit in the future.

Any records shared with CRAs could remain on file for extended periods of time after your account is closed, whether or not any outstanding sums have been settled by you or following a default.

You can contact the CRAs currently operating in the UK. The information they hold may not be the same so you may consider contacting them all.

15. Cookies

A cookie is a small file which asks permission to be placed on your computer's hard drive. Once you agree, the file is added and the cookie helps analyse web traffic or lets you know when you visit a particular site. Cookies allow web applications to respond to you as an individual. The web application can tailor its operations to your needs, likes and dislikes by gathering and remembering information about your preferences.

Overall, cookies help us provide you with a better site, by enabling us to monitor which pages you find useful and which you do not. A cookie in no way gives us access to your computer or any information about you, other than the data you choose to share with us.

You can set your browser to refuse all or some browser cookies, or to alert you when sites set or access cookies. If you disable or refuse cookies, please note that some parts of this website may become inaccessible or not function properly.

All Cookies used by and on the website are used in accordance with the Data Protection Legislation. We may use some or all of the following types of Cookie:

a. Strictly Necessary Cookies

A Cookie falls into this category if it is essential to the operation of the site, supporting functions such as logging in, your shopping basket, and payment transactions.

b. Analytics Cookies

It is important for us to understand how you use the site, for example, how efficiently you are able to navigate around it, and what features you use. Analytics Cookies enable us to gather this information, helping us to improve the website and your experience of it.

c. Functionality Cookies

Functionality Cookies enable us to provide additional functions to you on the website such as personalisation and remembering your saved preferences. Some functionality Cookies may also be strictly necessary Cookies, but not all necessarily fall into that category.

d. Targeting Cookies

It is important for us to know when and how often you visit the site, and which parts of it you have used (including which pages you have visited and which links you have visited). As with analytics Cookies, this information helps us to better understand you and, in turn, to make the website and advertising more relevant to your interests.

e. Third Party Cookies

Third party Cookies are not placed by us; instead, they are placed by third parties that provide services to us and/or to you. Third party Cookies may be used by advertising services to serve up tailored advertising to you on the site, or by third parties providing analytics services to us (these Cookies will work in the same way as analytics Cookies described above).

f. Persistent Cookies

Any of the above types of Cookie may be a persistent Cookie. Persistent Cookies are those which remain on your computer or device for a predetermined period and are activated each time you visit the site.

g. Session Cookiess

Any of the above types of Cookie may be a session Cookie. Session Cookies are temporary and only remain on your computer or device from the point at which you visit the website until you close your browser. Session Cookies are deleted when you close your browser.

We may use the following Cookies:

Cookie

Name

Purpose

More information

Clicky

Trade on the spot market

Have a confirmed demurrage invoice

Are repositioning to a better paying region

Clicky

Trade on the spot market

Have a confirmed demurrage invoice

Are repositioning to a better paying region

16. Where we store your personal information

Avery Law LLP Note: Where do you store all personal data?

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA“). It may also be processed by staff operating outside the EEA who work for us or for one of our service providers. Such staff maybe engaged in, among other things, the fulfilment of your order, the processing of your payment details and the provision of support services. By submitting your personal information, you agree to this transfer, storing or processing. We will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this cookie and privacy policy.

Where we have given you (or where you have chosen) a password which enables you to access certain parts of our site, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.

Unfortunately, the transmission of information via the internet is not completely secure. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorised access and will ensure that any third party receiving your personal data adopts such appropriate measures necessary to safeguard your personal data.

Whenever we transfer your personal information out of the EEA, we ensure a similar degree of protection is afforded to it. We will only transfer your personal information to countries that have been deemed to provide an adequate level of protection for personal information by the European Commission.

17. Overseas transfers

Whenever we transfer your personal information out of the EEA, we ensure a similar degree of protection is afforded to it by ensuring at least one of the following safeguards is implemented:

a. We will only transfer your personal data to countries that have been deemed to provide an adequate level of protection for personal data by the European Commission.

b. Where we use certain service providers, we may use specific contracts approved by the European Commission which give personal data the same protection it has in Europe.

c. Where we use providers based in the US, we may transfer data to them if they are part of the Privacy Shield which requires them to provide similar protection to personal data shared between the Europe and the US. For further details, see European Commission: EU-US Privacy Shield. Please contact us if you want further information on the specific mechanism used by us when transferring your personal data out of the EEA.

18. Your legal rights

Under certain circumstances, you have rights under the relevant data protection laws in relation to your personal information.

a. right to rectification

If your personal information is incorrect or incomplete any way, you may notify a person dealing with your matter and where inaccurate or incomplete, we will correct it without delay.

b. right to access

You have a right to:

i). request a confirmation from us that we are processing your personal information;

ii). access your personal information held by us and request a copy (unless providing a copy adversely affects the rights and freedoms of others);

iii). obtain certain information about how we process your personal information, categories of personal information processed, recipients or categories of recipients who receive personal information from us; and

iv). request how long we store your personal information for and the criteria we use to determine retention periods.

v). if personal information must be provided under statute or for another reason and the consequences of not providing the personal information to ensure the fair and transparent processing of your personal information.

d. right to restrict processing under certain circumstances

You have a right to restrict processing under certain circumstances:

i). if you contest the accuracy of your personal information, we may restrict its processing, until we can verify its accuracy;

ii). if the processing is unlawful;

iii). If we no longer need to process your personal information, unless we still need your personal information for the establishment, exercise, or defence of legal claims; and

iv). if you object to processing that relies on public interest or our (or third party’s) legitimate interest as the lawful processing ground.

e. right to data portability

You have a right to receive from us a copy of your personal information in commonly used and machine-readable format and store it for further use on a private devise.

You have a right to transmit personal information to another third party; or have your personal information transmitted directly from one third party to another where technically possible.

f. right not to be subject of automated processing

You have a right not to be subject to automated decision-making, including profiling, which has legal or other significant effects on you. This does not apply when the automated decision is necessary for entering into or performing a contract with you; or it is authorised by EU or member state law applicable to us if the law requires suitable measures to safeguard your rights and freedoms and legitimate interests; or based on your explicit consent.

g. the right to object to processing

You may object to direct marketing, including profiling related to direct marketing. We will stop processing your personal information once notified by you, except if we can demonstrate a compelling legitimate ground for processing the personal information that overrides your request; or processing is necessary to exercise or defend legal claims.

You will not have to pay a fee to access your personal data (or to exercise any of the other rights). However, we may charge a reasonable fee if your request is clearly unfounded, repetitive or excessive. Alternatively, we could refuse to comply with your request in these circumstances.

What we may need from you

We may need to request specific information from you to help us confirm your identity and ensure your right to access your personal data (or to exercise any of your other rights). This is a security measure to ensure that personal data is not disclosed to any person who has no right to receive it. We may also contact you to ask you for further information in relation to your request to speed up our response.

Time limit to respond

We try to respond to all legitimate requests within one month. Occasionally it could take us longer than a month if your request is particularly complex or you have made a number of requests. In this case, we will notify you and keep you updated.

19. Glossary

"Comply with a legal obligation" means processing your personal data where it is necessary for compliance with a legal obligation that we are subject to.

"Clients" means the clients of the Company from time to time accessing and browsing the website from time to time, whether pursuant to a registration or not.

"Legitimate Interest" means the interest of our business in conducting and managing our business to enable us to give you the best service/product and the best and most secure experience. We make sure we consider and balance any potential impact on you (both positive and negative) and your rights before we process your personal data for our legitimate interests. We do not use your personal data for activities where our interests are overridden by the impact on you (unless we have your consent or are otherwise required or permitted to by law). You can obtain further information about how we assess our legitimate interests against any potential impact on you in respect of specific activities by contacting us at contact@marlo.online

"Performance of Contract" means processing your data where it is necessary for the performance of a contract to which you are a party or to take steps at your request before entering into such a contract.

"Service Provider" means any real estate service provider who accesses and browses the site, whether pursuant to registration or not in the course of business for the purposes of providing real estate services to the Clients.

"External third parties" means

a. service providers acting as processors based in the United Kingdom who provide reals estate services;

b. cloud service providers essential for our business;

c. professional advisers acting as processors or joint controllers including lawyers, bankers, auditors and insurers based in the United Kingdom who provide consultancy, banking, legal, insurance and accounting services; and

d. HM Revenue & Customs, acting as processors or joint controllers based in the United Kingdom who require reporting of processing activities in certain circumstances.

Contact

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